More / Bitcoin Reddit - 2 years ago
I’m a bitnoob. I buy 10$ of bitcoin every two weeks, sorry if the answer is obvious. From my understanding, the system works because millions of computers are processing calculations while being awarded bitcoins, this is what we call mining. Transact...
More / Bitcoin Reddit - 2 years ago
Hi all, please humor an ELI5 question… Let’s say I have a pittance of BTC, which I cautiously off-loaded from an exchange like Coinbase to a hard wallet like Trezor. How could this coin be accessed outside of the local hard wallet (Trezor io) environ...
More / Bitcoin Reddit - 2 years ago
My father in law got scammed out of $6k, by being told to go to a bitcoin atm and put in the cash. He never selected a receive wallet, or was given access or asked for a QR code at any point. When being scammed there is supposed to be a step where yo...
More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
I just heard Slivergate delayed filing its 10k...not good sign. Their stock is down almost 60% and every exchange has basically stopped transfers to them. Is this going to be another FTX effect on Bitcoin and is that good or bad. You will probably ge...
More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
If all the new, small and some shady exchanges get squeezed out of existence and the legacy banks step in to ‘help’ the bitcoin community. They buy up, or hold customers deposits because it is easy and safer to let the trusted banks do it. Of course,...
More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
As the late great Biggie Smalls would say: "It's rules to this shit, I wrote me a manual." Guys, when this next halving arrives in a little over a year, we're going to start to become quite wealthy. Those miners won't be able to...
More / Bitcoin Reddit - 2 years ago
Storage Costs per GB 1981 - 2010: 1981 — $300,000 1987 — $50,000 1990 — $10,000 1994 — $1000 1997 — $100 2000 — $10 2004 — $1 2010 — $0.10 It's obvious that two things are happening with storage overtime, it's getting smaller and it's get...
More / Bitcoin Reddit - 2 years ago
I used cashapp to buy some BTC, bought it several times and transferred my funds to electrum no issue. Well I was buying something and the seller hasn’t received the funds yet even though they have left cashapp already. I know they’re not scamming m...
More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
If you buy bitcoin from a centralized exchange like Coinbase or Kraken and do not move it to your own off-exchange wallet, you don't actually own bitcoin—you own a record for bitcoin. Congratulations, not bitcoin, but bitcoin on paper And if you&...
More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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More / Bitcoin Reddit - 2 years ago
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